Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Griffon Corp shares valued at $415,565 were sold by Durborow W. Christopher on Dec 06 ’24. At $80.38 per share, Durborow W. Christopher sold 5,170 shares. The insider’s holdings dropped to 44,306 shares worth approximately $3.2 million following the completion of this transaction.
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Also, W. Christopher Durborow purchased 5,170 shares, netting a total of over 417,271 in proceeds.
Before that, Kaplan Seth L. had sold 12,666 shares from its account. In a trade valued at $1,047,862, the Sr VP, Gen. Counsel and Secy traded Griffon Corp shares for $82.73 each. Upon closing the transaction, the insider’s holdings decreased to 12,666 shares, worth approximately $10.41 million.
As published in their initiating research note from Deutsche Bank on October 27, 2023, Griffon Corp [GFF] has been a Buy and the price target has been revised to $65. Analysts at Raymond James upgraded the stock from ‘”an Outperform”‘ to ‘”a Strong buy”‘ outlook in a report released in early May. As of November 11, 2020, Stephens has initiated its “an Overweight” rating for GFF. Earlier on September 17, 2020, Truist initiated its rating. Their recommendation was “a Buy” for GFF stock.
Analyzing GFF Stock Performance
During the last five days, there has been a drop of approximately -9.61%. Over the course of the year, Griffon Corp shares have jumped approximately 18.42%. Shares of the company reached a 52-week high of $86.73 on 11/25/24 and a 52-week low of $55.01 on 08/07/24. A 50-day SMA is recorded $73.06, while a 200-day SMA reached $68.88. Nevertheless, trading volume fell to 0.52 million shares from 0.34 million shares the previous day.
Support And Resistance Levels for Griffon Corp (GFF)
According to the 24-hour chart, there is a support level at 70.27, which, if violated, would cause prices to drop to 68.36. In the upper region, resistance lies at 75.47. The next price resistance is at 78.76. RSI (Relative Strength Index) is 35.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.44, which suggests the price will decrease in the coming days. Percent R is at 95.98%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
